Quoting Charles Brown <[email protected]>:
So, the slogan might be for a
Constitutional Amendment
requiring that all banks
that are "too big to fail " ,
banks
whose failure would cause
a systemic
threat must be owned by
the federal government.
Charles, I like this formulation.
Fred
P.S. I learned recently that Ecuador has a clause in its new
constitution forbidding the government to assume private debts. No
bailouts for the bondholders!
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